Odd they wouldn't mention the R/S in the PR, eh.
1:30 reverse split
then 1 for 5 divvy of a series B preferred
(stated value of $10.00 per share)
which then can be converted to 20 common per 1 preferred
with anticipation of a 6% increase resulting in additional
shares of common stock being issued on conversion
“put” provision & callable
There has to be an simpler way to do some things,IMO.
Glad I still have my old slide rule for ciphering.
"Sometimes, business decisions must be based not on economics,
but on what is right." ~ Ivan Howes